Uniswap Sniper: How to Earn 30%+ Per Day with Ethereum Arbitrage
TLDRThe video script introduces a smart contract bot built on Solidity, designed to generate passive income through front-running tactics on the Ethereum network. It guides viewers on setting up the bot with Metamask and Remix IDE, and emphasizes the importance of high gas fees for transaction processing priority. The bot's functionality includes sandwiching transactions for profit and offers a step-by-step tutorial on deployment and funding, concluding with a demonstration of a $1,400 profit made in 24 hours.
Takeaways
- 🚀 The video discusses a method for creating a smart contract bot for passive income using Solidity.
- 💡 The bot operates by injecting transactions with higher gas fees to ensure they are processed before others.
- 📱 Viewers are instructed to have MetaMask installed and connected to the Ethereum mainnet for the process.
- 🔧 The development tool Remix IDE is used to write, compile, and deploy smart contracts.
- 📋 A link to the bot's code is provided in the video description for viewers to copy and paste into Remix IDE.
- 🔄 The video emphasizes the importance of setting the gas fee to the highest possible setting for transaction success.
- 💰 Funding the contract with at least 0.5 ETH is recommended for better returns, although the amount can be adjusted.
- 🔍 Etherscan.io is used to verify the creation and details of the smart contract.
- 🎮 The video includes a demonstration of starting the bot and the expected 24-hour return on investment.
- 📈 The bot is marketed as profitable regardless of market conditions, whether bullish or bearish.
- 📌 The presenter shares personal experience with withdrawal, highlighting the need for high gas prices for successful transactions.
Q & A
What is the main topic of the video?
-The main topic of the video is about building and deploying a smart contract bot using Solidity for generating passive income.
What is the purpose of the smart contract bot mentioned in the video?
-The smart contract bot is designed to inject transactions with a higher gas fee than the competing transactions, allowing them to be processed first and potentially making a profit.
What is the first step in setting up the bot according to the video?
-The first step is to ensure that Metamask is installed and connected to the Ethereum mainnet.
Which platform is used to develop, deploy, and compile the smart contract?
-Remix Ethereum is the platform used for developing, deploying, and compiling the smart contract.
What is the name of the contract created in the video?
-The contract created in the video is named 'bot'.
What is the significance of the gas fee in the context of the smart contract bot?
-The gas fee is significant because by setting a higher gas fee, the bot's transaction can be prioritized and processed before other transactions, which is crucial for the front-running strategy.
How long does the video creator recommend running the bot initially?
-The video creator recommends running the bot for 24 hours initially.
What was the approximate profit made by the video creator in 24 hours?
-The video creator made roughly $1,400 in 24 hours.
What does the video suggest about the bot's performance in different market conditions?
-The bot is designed to work in any market condition. Whether the market is up or down, the bot can still generate income, although the profits may vary.
What is the final step shown in the video for using the bot?
-The final step shown in the video is to withdraw the earnings made by the bot.
Where can users find the smart contract address of the bot?
-Users can find the smart contract address by copying it from the Remix Ethereum platform after deployment or by checking the contract details on Etherscan.io.
Outlines
💡 Introduction to Smart Contract Bot Development
The paragraph introduces Jim, a cryptocurrency enthusiast, who is creating a video to discuss the development and deployment of a smart contract bot. This bot, built on Solidity, is designed to generate passive income on a daily basis. It operates by injecting transactions with a higher gas fee than the competing transaction, ensuring that the bot's transaction is processed first. This strategy also involves processing a sale order within the same block, effectively sandwiching the victim's transaction between the bot's transactions and profiting from the slippage difference. Jim emphasizes the importance of having Metamask installed and connected to the Ethereum mainnet before proceeding with the tutorial. He guides viewers to Remix Ethereum, a web 3 application that allows for the development, deployment, and compilation of smart contracts coded in Solidity. The paragraph concludes with instructions on setting up a new contract and preparing for the bot's deployment.
🚀 Funding and Launching the Smart Contract Bot
In this paragraph, Jim continues the tutorial by guiding viewers on how to fund the smart contract bot. He shares his experience of accidentally putting in 1500 units of cryptocurrency, highlighting that the more one invests, the better the return. After confirming the transaction, he advises viewers to wait for the process to complete and check the contract address on Etherscan.io. Once the contract is funded, Jim instructs viewers to start the bot, recommending a 24-hour operation period. He then demonstrates how to withdraw earnings, emphasizing the importance of setting high gas prices for efficient transactions. The paragraph concludes with Jim sharing his success of making approximately $1,400 in a 24-hour period, noting that the bot works effectively in any market condition. He encourages viewers to share their experiences and outcomes in the comments section.
Mindmap
Keywords
💡Solidity
💡Smart Contract Bot
💡Passive Income
💡Gas Fee
💡Frontrunning
💡MetaMask
💡Remix Ethereum Compiler
💡Transaction
💡Slippage
💡Etherscan.io
💡Funding
Highlights
Jim introduces a smart contract bot built on Solidity for passive income generation.
The bot injects transactions with higher gas fees to ensure processing priority.
A sale order is processed within the same block as the injected transaction.
The bot's operation results in profit after accounting for slippage.
Metamask and Remix IDE setup are prerequisites for deploying the bot.
Instructions are provided for creating a new contract in Remix IDE.
The bot's code is available in the description of the video.
Compiler settings must match the Solidity version used in the contract.
Deployment involves changing the JavaScript VM environment to 'Injected Web3'.
Gas fees should be set to the highest possible value for faster transaction processing.
After deployment, the contract can be viewed on Etherscan using its address.
Funding the contract is necessary to start the bot's operation.
A minimum of 0.5 F is recommended for initial funding.
The bot can be started for a specified duration, such as 24 hours.
Withdrawals can be made after the set duration to collect earnings.
Jim shares his earnings of approximately $1,400 in 24 hours.
The bot's profitability is consistent across different market conditions.
Viewers are encouraged to share their earnings and subscribe for updates.